Year 2020 Discount for GBPJPY

2019-12-31 09:23:23

You will see that there is a strong consolidation in the pink rectangle area where price fluctuates between 139.044 to 141.597. So, there is a possibility that the price may revisit this area before we see a rebound.

Alternatively, as the bearish trend line is broken out, it might also just lift up from the current price and heads higher.

Trade safely.